StockNews.com Upgrades Weyerhaeuser (NYSE:WY) to “Hold”

StockNews.com upgraded shares of Weyerhaeuser (NYSE:WY) from a sell rating to a hold rating in a research report sent to investors on Monday.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Friday, December 6th. Truist Financial boosted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.33.

Weyerhaeuser Stock Down 1.4 %

NYSE:WY opened at $29.65 on Monday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The stock’s fifty day moving average is $31.66 and its two-hundred day moving average is $30.87. The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 40.07 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oakworth Capital Inc. purchased a new position in shares of Weyerhaeuser during the third quarter worth about $25,000. Ridgewood Investments LLC purchased a new position in Weyerhaeuser during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Weyerhaeuser during the second quarter worth approximately $27,000. Finally, Bangor Savings Bank lifted its stake in Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 651 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.